Friday, May 18, 2012

Gas Prices Falling to $3.25 or Less in Some Areas

Ohio Senator Sherrod Brown claims that excessive oil speculation is partly to blame for high oil and gas prices and recently called for the Commodity Futures Trading Commission to intervene.

"We’re seeing gas prices rise long before the peak summer driving season — and excessive oil speculation is a key source of these cost spikes," Brown said in a news release. "In fact, one recent report showed that out-of-control speculation adds 56 cents to every gallon of gasoline siphoned from the pump — and that’s outrageous."

“We cannot afford to sit idly by while Wall Street and Big Oil get richer and Ohio’s families and small business owners foot the bill,” Brown added.

Now comes this news report today with the headline: Expect lower gas prices heading into Memorial Day: Pump prices should fall ahead of Memorial Day, $3.25 a gallon or less in some areas:

"If you're lucky enough to live in some parts of the United States, you may see gas pump prices fall to around $3.25 a gallon or less in the next week or two. Even West Coast drivers should get some relief from prices that are still above $4 a gallon."

Question for Sen. Brown: Does out-of-control, excessive oil speculation on Wall Street now get any of the credit for the dramatic drop in gas prices? 


11 Comments:

At 5/18/2012 3:58 PM, Blogger Larry G said...

It's already $3.14 in South Carolina.

 
At 5/18/2012 4:18 PM, Blogger juandos said...

I see why Sen. Brown says what he says, he's never held a real job in his life...

Gas Buddy average gasoline prices by state

 
At 5/18/2012 7:15 PM, Blogger Ron H. said...

I'd love to see that "recent report" Brown refers to.

 
At 5/18/2012 7:21 PM, Blogger Ron H. said...

juandos: "I see why Sen. Brown says what he says, he's never held a real job in his life..."

Well, maybe not, but thanks to taxpayer funding, you can get a high resolution photo of Brown from his website.

I'm sure theirs some reason for it, but I haven't yet discovered what it is.

Brad Pitt I understand - Sherrod Brown, not so much.

 
At 5/18/2012 7:55 PM, Blogger Paul said...

Sen Bill Nelson of Florida was also pontificating about the evil oil speculators and the need for more regulation. He and Brown are two birds with the same feathers.

 
At 5/18/2012 9:29 PM, Blogger Cabodog said...

We are getting hosed here in Oregon. Up 30 cents in the last 10 days, while crude declines.

 
At 5/18/2012 10:15 PM, Blogger Pulverized Concepts said...

Dick Cheney has been feeling pretty good lately so he decided to cut everybody some slack and call all the gas stations and tell them to dial down the money numbers on the pumps. Send him a thank you card in care of Satan.

 
At 5/19/2012 1:10 AM, Blogger JakeW said...

You guys don't understand. Gas prices may be declining, but without the greedy speculators, the prices would be declining even more!

 
At 5/19/2012 1:10 AM, Blogger JakeW said...

You guys don't understand. Gas prices may be declining, but without the greedy speculators, the prices would be declining even more!

 
At 5/19/2012 5:46 AM, Blogger OBloodyHell said...

Question for Sen. Brown: Does out-of-control, excessive oil speculation on Wall Street now get any of the credit for the dramatic drop in gas prices?


Senator Brown's aids report his reply:
"HEY!!! Look!! Up there!! A fillyloo bird!! Whaddya know... How about that? When's the last time ya saw a fillyloo bird!?!?"

 
At 5/19/2012 5:47 AM, Blogger OBloodyHell said...

>>> Sen Bill Nelson of Florida was also pontificating about the evil oil speculators and the need for more regulation. He and Brown are two birds with the same feathers.

Nelson is a dunderheaded jackass, and has been for decades. I've voted against him every time since he got in. Hasn't done much good. :-/

No point in even messaging him to shut up, he's retiring this year, thank ghu.

 

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